Positive balance of 195 million in October

The scenario presented by individual savings plans does not change. In October, the same script repeated itself for months, with bond products holding the reins of the entire system.

According to estimates elaborated by Plus24's Pir Observatory, the total inflows of most of the plans offered on the Italian market closed the monthly balance sheet with accounts in the black by 195 million, while assets amounted to 18.7 million (the sample of companies considered by the Observatory includes the main managers active in this segment in Italy and represents about 80% of the sector monitored by Assogestioni, the association of asset managers operating in our country).

They are still the winning type on which the managers are focusing, directing an ever-increasing number of subscribers month after month, many of whom probably came out of other Pir schemes of the same company, now in their fifth year of investment and initially more oriented towards equity markets. October's takings from bonds amounted to EUR 198 million, a figure more than sufficient to offset the outflows of EUR 26 million from flexible funds and EUR 11 million from equities. Balanced products, on the other hand, had a positive balance of €33.4 million last month.

Among the ranks of individual funds, the product that collected the most in October was the Bcc Investire Obbligazionario Pir bond, which collected almost 64 million within thirty days. Closing the list, instead, is the flexible Sviluppo Italia of Mediolanum, which filed its monthly balance sheet with a loss of 15 million. In terms of assets, the PIRs that manage the most significant assets are Mediolanum Flessibile Futuro Italia (2.6 billion), Mediolanum Flessibile Sviluppo Italia (1.9 billion) and Eurizon Piano Azionario Italia (1.2 billion), a trio that represents over 30 per cent of the total assets managed by individual savings plans.

On a monthly basis, Eurizon distinguished itself with a total of 79.2 million, Bcc Risparmio & Previdenza with accounts in the black for 56 million, and Mediolanum with inflows of 51 million. Arca also had a positive balance (16 million). Also analysing the data from the beginning of the year, the results achieved by Eurizon stand out, which collected €601 million, and the performance of Mediolanum with €425 million, Bcc Risparmio & Previdenza (€416 million) and Amundi (€248 million) is also very positive. The figures for Arca (55 million) and Neam (48 million) were more modest but still noteworthy.